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The big investment adds more momentum to the company that wants to become the PayPal of restaurants.
The company said the option to add booze could increase restaurants' average check by 30%.
The company will look to sell shares for $34 to $36 each when it hits the public market this week.
The fast casual will use the new outlet to test the San Jose market. That’s just the tip of the iceberg in this briefing on several weeks’ worth of tech news.
If the many bots currently in test can prove themselves, restaurants say they're ready and willing to deploy them.
The fast casual is rolling out a coffee subscription at its New York City and Washington D.C. locations, following a successful test in its U.K. units.
As the service becomes a deeply ingrained consumer habit, restaurants are learning to adapt rather than resist.
Yum Brands wants its concepts to grow individually, meaning it likely won’t expand the pizza chain’s delivery to its other concepts, at least for now.
In its second lawsuit in less than a week, the company accuses New York of violating consumers’ privacy and illegally attacking its business model.
The burrito chain will add multiple new locations through a partnership with Now Cuisine, a maker of automated food kiosks.
See the full ranking of the Top 100 concepts, which account for more than $1.8 billion in annual revenue, and learn how they are putting hospitality first.
Peter Romeo highlights the moments restaurateurs miss at their own peril
As restaurants begin to reemerge, one year since it all began, Restaurant Business takes stock of the massive changes the virus has brought.